Question

A' is a partner, he withdrew RS 6000 in the beginning of eachquarter. Interest on drawing @10% PA. Calculate amount ofinterest on drawingsa) 900b) 1200c) 1500d) 600​

Answer 1

Answer:

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Explanation:

Answer 2

Answer: 1500

Explanation: Total drawing will be 24000 (6000×4).

Average period will be:

7.5 months, because

Avg period= (Months left after 1st drawing + Months left after last drawing) / 2

That is (12+3)/2

Int rate =10%

So eq will be like = 24000×(7.5/12)×(10/100)

= 1500